Cobalt International Energy is an independent oil and natural gas exploration and production company that specializes in deepwater offshore plays. The company focuses on identifying, appraising and developing high‐potential reserves, with an emphasis on ultra‐deepwater opportunities. Cobalt’s technical teams apply advanced seismic imaging, drilling and reservoir management techniques to optimize resource recovery from challenging geologic settings.
Headquartered in Houston, Texas, Cobalt has historically pursued exploration and development projects in two primary regions: the U.S. Gulf of Mexico and select offshore basins in West Africa. The company’s asset portfolio has included partnerships in deepwater blocks where it holds working interests, allowing it to participate in key decision‐making processes throughout the exploration and production cycle.
Cobalt’s business activities encompass the full range of upstream operations, including seismic acquisition, subsurface mapping, well design and completion, and field development planning. By leveraging partnerships with service providers and joint‐venture collaborators, the company aims to manage technical risks and control development costs while targeting production growth from high‐impact wells.
Founded in 2005, Cobalt International Energy completed its initial public offering in 2011. In 2017, the company filed for Chapter 11 bankruptcy protection as part of a comprehensive restructuring of its offshore portfolio. Its common shares currently trade on the OTC market under the ticker symbol CIEIQ. The company’s post–restructuring strategy and leadership structure reflect the priorities of its creditors and stakeholder groups following emergence from bankruptcy.
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